Linde India Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on March 05, 2026. Further, the company has informed the Exchange regarding voting results.
LINDEINDIA · price
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Awaiting price reaction for this filing.
Linde India Limited held an Extraordinary General Meeting on March 5, 2026, where shareholders voted on a resolution to approve material related party transaction(s) proposed for financial year 2025-26. The resolution was decisively rejected by shareholders, with 89.24% of votes cast against it (1,30,99,840 shares) and only 10.76% in favour (15,79,994 shares). The promoter, BOC Group Limited (the holding company and a related party), did not vote on the resolution as required under SEBI LODR regulations. Out of 66,184 total shareholders on record date, only 45 attended the meeting through video conferencing.
This is a significant negative outcome for the company — the proposed material related party transaction with its promoter group has been rejected by public shareholders, which may force Linde India to either restructure the deal, seek fresh approval, or abandon the transaction. Such a strong shareholder rebellion (nearly 90% against) could create uncertainty around the company's plans for FY26 and may put short-term pressure on the stock.